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18. Put options on a stock currently trading at $35 a share with strike prices $30 and $40 cost $8 and $10, respectively. Create (i)

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18. Put options on a stock currently trading at $35 a share with strike prices $30 and $40 cost $8 and $10, respectively. Create (i) a bullish spread and (ii) a bearish spread from these puts and construct a table that shows payoff at expiration for each option. Possible stock prices at expiration are $20, $30, $40, $50, and $75. (10 points)

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